Sales and Use Tax - Firearms, Firearm Accessories, and Ammunition - Rate Alteration

HB 937 increases Maryland's sales and use tax rate to 12% for firearms, firearm accessories (like magazines, scopes, and stocks), and ammunition. This change directly affects anyone purchasing these items within Maryland, applying the new tax rate to the full price of the transaction. The bill redefines key terms in tax law to align with existing public safety definitions (e.g., "firearm" from §5-101 and "firearm accessory" from §5-133.1) and sets the 12% rate as a specific provision in tax code section 11-104(l). The policy change takes effect on July 1, 2025.